SUI is currently stable around $1.50, a level that is not only an integer threshold but more importantly—it's a key platform marking the start of the main upward wave in 2024. The long lower shadow makes it clear—big institutions have been accumulating below $1.00 for a long time, and market panic was fully released during the sharp decline.

From a fundamental perspective, SUI's position as the leading Move-based public chain remains unchanged, but the price has already fallen by 70%. What does this mean? It indicates that the current price of $1.55 is in an extremely advantageous left-side accumulation zone, with a risk-reward ratio that is astonishingly high.

Let's look at technical support levels. The short-term resistance is in the $2.0–2.2 range, which is a critical point for recent rebounds and also a heavily traded zone from previous dense transactions. The medium-term strong resistance is between $3.0–3.5, which is the neckline of the "Head and Shoulders" pattern, with particularly heavy trapped positions. On the support side, $1.5 is the golden bottom line, the defensive line for bulls; if a systemic risk causes a further breakdown below this line, then $1.0 becomes the level where "even selling everything" would be necessary to buy.

Judging from trading volume, the downward spike candlestick accompanied by huge volume indicates that panic selling has been thoroughly cleared out. The current volume contraction and consolidation are actually normal bottoming features, as the market is in a sentiment recovery phase, waiting for new catalysts to emerge.

For holders, simply put—hold firmly. Cutting losses at a 70% decline is pointless; SUI has excellent elasticity. Once the market recovers, the rebound will be faster than expected.

For investors still holding no position, this is an excellent opportunity to allocate heavily. Such high-quality assets rarely present a deep dip opportunity. The current price of $1.56 is suitable for entry; if it retraces to $1.30, it’s time to increase the position. The initial target is $2.50 (a 60% increase), with a mid-term goal of over $4.00.

SUI is a typical oversold blue-chip, fully worth being included in the core buy list, and the top choice in the public chain sector.